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Rohm (OTCMKTS:ROHCY) Stock Crosses Above 50 Day Moving Average - Here's Why

Rohm logo with Computer and Technology background

Rohm Co. (OTCMKTS:ROHCY - Get Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $10.22 and traded as high as $12.84. Rohm shares last traded at $12.60, with a volume of 2,940 shares changing hands.

Analyst Ratings Changes

A number of research firms have issued reports on ROHCY. Macquarie raised shares of Rohm from a "strong sell" rating to a "hold" rating in a report on Monday, March 17th. The Goldman Sachs Group downgraded shares of Rohm from a "strong-buy" rating to a "hold" rating in a report on Monday, March 31st.

Check Out Our Latest Stock Report on Rohm

Rohm Stock Performance

The stock's 50-day moving average is $10.39 and its 200-day moving average is $9.85. The firm has a market capitalization of $5.14 billion, a price-to-earnings ratio of -14.98 and a beta of 0.95. The company has a current ratio of 2.56, a quick ratio of 1.63 and a debt-to-equity ratio of 0.34.

Rohm (OTCMKTS:ROHCY - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The technology company reported ($0.30) earnings per share (EPS) for the quarter. The company had revenue of $680.98 million for the quarter. Rohm had a negative return on equity of 2.45% and a negative net margin of 11.18%.

Rohm Company Profile

(Get Free Report)

ROHM Co, Ltd. manufactures and sells electronic components worldwide. The company operates through three segments: LSI, Semiconductor Devices, and Modules. It provides ICs comprising memory, amplifiers and linear, power management, motor/actuator drivers, resistors, clocks and timers, switches and multiplexers, logic, data converters, sensors and MEMS, display drivers, interfaces, wireless LSIs, audio and video products, speech synthesis LSI, and microcontrollers.

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